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Report No. : |
513097 |
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Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
POLLUTION CONTROL EQUIPMENTS |
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|
Registered
Office : |
No 84, Rajeshwari Layout, Begapalli, SIPCOT Post, Hosur, Krishnagiri -
635126, Tamilnadu |
|
Mobile No.: |
91-9443618842 (Mr. Rathinasamy Kalaperumal) |
|
Website: |
Not Available |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Establishment : |
02.11.2007 |
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|
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Capital
Investment / Paid-up Capital : |
INR 9.155 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable |
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|
|
|
PAN No.: [Permanent Account No.] |
AEIPR7017N |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AEIPR7017N1Z3 |
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Shop &
Establishment Certificate No. |
-- |
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MSME
Registration Number: |
330311101907 Date: 01.11.2010 |
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Udyog Aadhar
No.: |
--- |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Manufacturer of Blowers, Dust Collectors and Structural. |
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No. of Employees
: |
05 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Small concern |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Pollution Control Equipments is a manufacturer of blowers, dust collectors and structural. It is a relatively small proprietary concern started in the year 2007 and is based in Tamilnadu, India. For the financial year ended 2017, the concern has witnessed a growth in its revenue and has achieved good profit margin at 15.85% (approx.) However, rating remains constrained on account of concern’s small scale of operational activities along with low cash balance and moderate capital base. Trade relations are reported as fair. Business is active. Payments are seems to be slow but correct.
Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the concern at the given address.
As per our executive observation, it is a factory type premises. Locality of the premises appears to be industrial, area seems to be neutral and area of the premises is 5000 (sq. ft.) (approx.)
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 28.06.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Rathinasamy Kalaperumal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9443618842 |
|
Date : |
20.06.2018 |
LOCATIONS
|
Registered Office / Factory: |
No 84, Rajeshwari Layout, Begapalli, SIPCOT Post, Hosur, Krishnagiri -
635126, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9443618842 (Mr. Rathinasamy Kalaperumal) |
|
E-Mail : |
|
|
Area: |
5000 Sq. Ft. (As per site visit) |
|
Locality: |
Industrial (As per site visit) |
SOLE PROPRIETOR
|
Name : |
Mr. Rathinasamy Kalaperumal |
|
Designation : |
Proprietor |
|
Address : |
1/354-2, Nethaji Nagar, Zuzuvadi, Hosur, Krishnagiri - 635126,
Tamilnadu, India |
|
Date of Birth/Age : |
17.05.1964 |
|
PAN No.: |
AEIPR7017N |
|
Aadhaar no: |
3949 6675 0847 |
DETAILS OF GROUP COMPANIES
Nil
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Blowers, Dust Collectors and Structural. |
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Products and Services: |
|
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C and Credit (30/ 60 Days) RTGS/NEFT) |
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Purchasing : |
L/C and Credit (30/ 60 Days) RTGS/NEFT) |
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||||||||
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Customers : |
Wholesalers, End Users, Trading Firms and Manufacturer
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No. of Employees : |
05 (Approximately) |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Bankers : |
|
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Auditors : |
|
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Name : |
Sundaram and Company (C. Muthukalai) Chartered Accountants |
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Memberships No: |
025031 |
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|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
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Associates/Subsidiaries : |
Not Available |
LITIGATIONS
NIL
CAPITAL STRUCTURE
As on: 31.03.2017
|
Particular |
Amount (INR in Lacs |
|
Opening Balance |
8.344 |
|
Add: Profit During the
year |
3.825 |
|
Less: Drawings |
(3.014) |
|
Total |
9.155 |
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital Account |
9.155 |
8.345 |
7.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9.155 |
8.345 |
7.900 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
0.000 |
0.000 |
0.000 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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TOTAL |
9.155 |
8.345 |
7.900 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.385 |
4.956 |
5.618 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
|
|
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|
INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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|
Inventories |
0.396 |
0.268 |
0.433 |
|
|
Sundry Debtors |
6.182 |
3.375 |
3.550 |
|
|
Cash & Bank Balances |
0.387 |
0.251 |
0.065 |
|
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Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.050 |
0.050 |
0.050 |
|
Total Current Assets |
7.015 |
3.944 |
4.098 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.453 |
0.225 |
0.195 |
|
|
Other Current Liabilities |
(0.906) |
0.014 |
1.347 |
|
|
Provisions |
0.698 |
0.316 |
0.274 |
|
Total Current Liabilities |
2.245 |
0.555 |
1.816 |
|
|
Net Current
Assets |
4.770 |
3.389 |
2.282 |
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
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|
|
|
|
TOTAL |
9.155 |
8.345 |
7.900 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
24.121 |
11.921 |
10.986 |
|
|
Other Income |
2.835 |
1.601 |
0.274 |
|
|
TOTAL |
26.956 |
13.522 |
11.260 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
13.085 |
3.561 |
3.221 |
|
|
Freight Charges |
0.136 |
0.068 |
0.042 |
|
|
Wages |
6.723 |
3.237 |
2.724 |
|
|
Electricity Charges |
0.391 |
0.331 |
0.311 |
|
|
Travelling Expenses |
0.240 |
0.221 |
0.210 |
|
|
Postage and Courier |
0.003 |
0.002 |
0.004 |
|
|
Vehicle Maintenance |
0.269 |
0.246 |
0.226 |
|
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Staff Welfare |
0.192 |
0.161 |
0.138 |
|
|
Printing and Stationery |
0.041 |
0.032 |
0.023 |
|
|
Machinery maintenance |
0.661 |
1.016 |
0.342 |
|
|
Bonus Paid |
0.268 |
0.241 |
0.236 |
|
|
Telephone Expenses |
0.081 |
0.078 |
0.070 |
|
|
Audit Fees |
0.060 |
0.060 |
0.060 |
|
|
Accounting Charges |
0.120 |
0.120 |
0.120 |
|
|
General Expenses |
0.027 |
0.026 |
0.032 |
|
|
TOTAL |
22.297 |
9.400 |
7.759 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
4.659 |
4.122 |
3.501 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.264 |
0.292 |
0.271 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION AND AMORTISATION |
4.395 |
3.830 |
3.230 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.570 |
0.662 |
0.769 |
|
|
|
|
|
|
|
|
NET PROFIT |
3.825 |
3.168 |
2.461 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
93.55 |
103.34 |
117.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.90 |
3.53 |
3.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
68.43 |
23.06 |
22.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.20 |
0.06 |
0.19 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.25 |
0.07 |
0.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.48 |
0.59 |
0.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
17.65 |
14.12 |
12.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
15.86 |
26.57 |
22.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
33.55 |
35.60 |
25.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
41.78 |
37.96 |
31.15 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.12 |
7.11 |
2.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.95 |
6.62 |
2.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.80 |
0.94 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
3.12 |
7.11 |
2.26 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Proprietor’s Capital Account |
7.900 |
8.345 |
9.155 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7.900 |
8.345 |
9.155 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |

YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
10.986 |
11.921 |
24.121 |
|
|
|
8.511 |
102.340 |

NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
10.986 |
11.921 |
24.121 |
|
Profit |
2.461 |
3.168 |
3.825 |
|
|
22.40% |
26.57% |
15.86% |

LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FIXED ASSETS:
|
OBSERVATION POINTS |
|
Name of Company : |
POLLUTION CONTROL EQUIPMENTS |
|
|
|
|
Address : |
No 84, Rajeshwari Layout, Begapalli, SIPCOT Post, Hosur, Krishnagiri -
635126, Tamilnadu, India |
|
|
|
|
Mobile No.: |
91-9443618842 |
|
|
|
|
Email: |
|
|
|
|
|
Person to whom we met: |
Mr. Rathinasamy Kalaperumal
Designation : Proprietor |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark : |
Vinayak Temple |
|
|
|
|
Total Floors of the building: |
Factory Type Premises |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
5000 Sq. Ft. |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Level of
operation : |
Medium |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) :- |
|
|
|
|
|
No. of employees seen at premises: |
05 (Approximately) |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Proof of visit: |
Photograph / Visiting Card (Neighbour’s) Photographs: Exterior with
name board/ Interior / Shop Floor / Stock etc. |
|
|
|
|
Neighbour’s
interview : |
Company of
Company: Inbha Engineering Contact person: Mr. R. Mani Neighbour’s overview : Existence
Confirmed Company of
Company: C.R.P. Engineering Works Contact person: Mr. Rajendren Neighbour’s overview : Existence
Confirmed |
|
|
|
|
Details of the person conducting visit: |
Name: Izran Ahmed Designation: Field Executive
Contact No.: 91-9620707976 |
PICTURES




NEIGHBOURS


CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report (as on
28.06.2018 (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SVD |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·